The Stock Market Is Saying They're Really Smart

Ovr: It feels like the odds of a breakdown really, really increases em with one line. And that's really, i mean, you wrote a buck book about the financial crisis and i think it was quite, quite similar then. I remember one member of the board of directors saying to me after the fact, it's just a self reinforcing quality,. You already think that these people are smart, and then you look at how the stock market is rewarding them, and the stock market says they're really smart. That goes on until it doesn't, and finds gring out what that point is.

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